A
Address: It is the place where crypto money can be sent and received, expressed as a series of letters and numbers. A different address format is used for each cryptocurrency. For example, Bitcoin addresses consist of 34 characters, while Ethereum addresses consist of 42 characters.
AirDrop: Cryptocurrency projects distribute free tokens to incentivize users or increase their awareness. Airdrops are usually made to users who hold a certain cryptocurrency in their wallet or complete certain tasks.
Altcoin: It is a general name given to all cryptocurrencies other than Bitcoin. There are thousands of different types of altcoins, and each has its own unique features and functions.
Gold-Backed Cryptocurrency: Cryptocurrencies backed by gold assets. The value of these cryptocurrencies is indexed to the price of gold. This provides greater protection against price fluctuations.
Alpha: It is the first stage of the design process of a product. At this stage, the main features and functions of the product are determined.
Supply: The amount of a particular cryptocurrency circulating in the market. Supply is an important factor affecting the price of a cryptocurrency. Cryptocurrencies with a limited supply tend to be more valuable than cryptocurrencies with an unlimited supply.
Bear Market: It is a period when cryptocurrency prices are generally in a downward trend. This trend can create feelings of pessimism and uncertainty for investors. It is difficult to predict how long bear markets will last and how harsh they will be.
B
Whale: It is the name given to investors who own large amounts of crypto money. Whales can have a significant impact on the cryptocurrency market.
Block: It is the unit of data in the Blockchain that contains transaction information. Each block contains the hash, timestamp, and transaction data of the previous block.
Blockchain: It is a public ledger consisting of interconnected blocks where all transactions are recorded. Blockchain is a decentralized system and is not controlled by any authority.
Bull Market: This is the period when cryptocurrency prices are generally in an upward trend. Bull markets can be periods of profitability for investors.
Bitcoin: It is the first cryptocurrency. It was developed by Satoshi Nakamoto in 2009. Bitcoin is the most popular and valuable cryptocurrency.
C
Coin: Cryptocurrencies that have their own blockchain. Bitcoin and Ethereum are examples of coins.
Cold Wallet: Wallets that are not connected to the internet and are used to store cryptocurrencies safely. Hardware wallets and paper wallets are examples of cold wallets.
Cryptocurrency: Digital currencies protected by cryptographic methods and produced by encryption techniques. Cryptocurrencies operate in a decentralized system and cannot be controlled by any authority.
D
DApp: It is the name given to a decentralized application. DApps run on the blockchain and function without the need for any central authority.
DeFi: It stands for Decentralized Finance and is a financial system offered as an alternative to traditional financial systems. DeFi is built on blockchain technology and smart contracts.
Bottom: It is the point where cryptocurrency prices reach their lowest level. Bottom points can create buying opportunities for investors.
AND
ERC-20: It is the token standard that runs on the Ethereum blockchain. ERC-20 tokens can be stored and transferred in Ethereum compatible wallets.
Exchange: Platforms where crypto money is bought and sold. On exchanges, investors can exchange different cryptocurrencies such as Bitcoin, Ethereum, Solana with each other or with traditional currencies (US Dollar, Euro).
F
Fiat Money: Currencies printed and legally accepted by governments. Currencies such as US Dollar, Euro, Turkish Lira are fiat money.
Fork: It is the splitting of a blockchain into two. Forks often occur due to disagreements in the community. When a hard fork occurs in a blockchain, a new cryptocurrency can emerge.
H
Hash: It is the process of encrypting data and converting it to a certain length. Hash functions are used to check data integrity.
Hard Cap: It is the maximum amount of funds that a cryptocurrency project can collect during ICO (Initial Coin Offering).
I
ICO (Initial Coin Offering): These are the first token sales initiated by cryptocurrency projects to raise funds. Through ICOs, investors earn tokens by funding the project.
K
KYC (Know Your Customer): It is the process of verifying the identities of customers. Cryptocurrency exchanges apply KYC under AML (Anti-Money Laundering) regulations.
L
Lightning Network: A second layer solution that makes Bitcoin transactions faster and cheaper. Lightning Network is a payment network running on the Bitcoin blockchain.
M
Market Cap: The market value of a cryptocurrency. Market cap is calculated by multiplying the number of tokens in circulation by the price per token.
Mining: It is the process of producing cryptocurrency. Cryptocurrencies that use the Proof-of-Work (PoW) mechanism, such as Bitcoin, are mined using computers with high processing power.
N
Node: Computers in the blockchain network that verify transactions. Nodes have an important role in ensuring the security and integrity of the blockchain.
O
Oracle: Systems that transfer data from the real world to the blockchain. Oracles enable smart contracts to operate based on real-world data.
P
Paper Wallet: It is a type of wallet where cryptocurrencies are stored on paper. Paper wallets can protect cryptocurrencies from theft when stored securely. However, cryptocurrencies cannot be recovered if lost.
Peer-to-Peer: Transactions made directly between two parties without intermediary institutions. Cryptocurrency transactions occur on a peer-to-peer basis.
Private Key: It is the private key that provides control of cryptocurrencies. Private key must be kept secret, otherwise cryptocurrencies can be stolen.
R
Rug Pull: This is when the developers of a cryptocurrency project take investors' money and run. Rug pull is a fraudulent move and can cause investors serious losses.
S
Stablecoin: Cryptocurrencies whose price is indexed to a fixed currency (usually the US Dollar). The value of stablecoins is less volatile than the value of fiat currencies.
Staking: It is the process of locking cryptocurrencies for a period of time and earning rewards in return. Staking is a way to earn passive income on some cryptocurrencies.
T
Token: Digital assets that work on the blockchain and have a specific function. Tokens may not have their own blockchain. For example, ERC-20 tokens operate on the Ethereum blockchain.
Total Supply: The total supply of a cryptocurrency. Total supply determines how much of a cryptocurrency can be mined. The total supply of Bitcoin is limited to 21 million.
IN
UTXO (Unspent Transaction Output): Refers to transaction outputs that are not used in Bitcoin. In Bitcoin transactions, the remaining unspent balance is called UTXO.
IN
Whitepaper: A document detailing the technical and business plan of a cryptocurrency project. Investors read the whitepaper to learn about the project and before deciding to invest.
